community property Hear it!

community property definition - legal

n

In a community property state, the income and property acquired by a couple during the course of their marriage, except for the income or property obtained solely by one of them by gift or inheritance. See also property, equitable distribution, and tenancy.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.